Financial Future

Wall Street rise from the fall because it was saved by manufacturing data and the achievement of profit from Ford. But the increase in the shares held by the statement the U.S. Federal Reserve officials about the bank loan losses.

Data from the Institute of Supply Management revealed manufacturing sector purchasing index rises more than expected to 55.7%. Industrial stocks and materials went up, with the industrial index S & P up 1%.

But a statement from the U.S. Federal Reserve officials about the loss of commercial real estate loans to investors off financial stocks. This caused an increase in the stock index restrained.

“The market turned from action to action buy sell,” said Terry Morris, Vice President National Penn Investors Trust was quoted as saying by Reuters on Tuesday (3/11/2009).

In trading Monday (2/11/2009), the Dow Jones industrial average (DJIA) closed up 76.71 points (0.79%) to the 9789.44 level. Index Standard & Poor’s 500 also rose 6.69 points (0.65%) to the level of 1042.88 and the Nasdaq rose 4.09 points (0.20%) to the level of 2049.20.

Morot Ford shares rose 8.3% after automakers reported a profit in the third quarter-2009. Ford scored a surprise profit up to U.S. $ 997 million.

Oil Price Rise

Meanwhile, world crude oil prices back up due to the weakening U.S. dollar and economic data of China and the U.S. are improving.

The main contract light sweet crude December delivery rose 1.13 dollars to U.S. $ 78.13 per barrel. Brent oil December delivery rose 1.35 dollars to U.S. $ 76.55 per barrel.